Final deadline for old paper £10 notes fast approaching

The Bank of England has announced at least £2.1bn worth of old £10 notes need to be spent or exchanged before they cease to be legal tender.

If you are holding on to your old £10 notes, you have until 1st March 2018 to spend or exchange them.

Featuring naturalist Charlies Darwin, the old style £10 notes have been in circulation since November 2000.

Plastic polymer notes depicting author Jane Austen entered circulation in September 2017 with plans by the Bank of England to introduce a £20 polymer note in 2020.

Polymer is a durable thin and flexible plastic film made from polypropylene. It can be coated with layers of special ink, which carry the printed banknote design.

The new design allows the Bank to include clear ‘windows’ in the design, making polymer banknotes harder to counterfeit. Polymer is also better able to repel dirt, so notes stay cleaner for longer.

The last day to use your paper £10 notes is 1st March 2018. After this date you can exchange them at the Bank of England in person or by post.

Some retailers, banks and building societies may still accept these notes after this date, however this is at their own discretion.

The Bank of England will exchange all old £10 notes indefinitely.